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<SEC-DOCUMENT>0001104659-09-052562.txt : 20090831
<SEC-HEADER>0001104659-09-052562.hdr.sgml : 20090831
<ACCEPTANCE-DATETIME>20090831132015
ACCESSION NUMBER:		0001104659-09-052562
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090826
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090831
DATE AS OF CHANGE:		20090831

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISTA GOLD CORP
		CENTRAL INDEX KEY:			0000783324
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09025
		FILM NUMBER:		091045305

	BUSINESS ADDRESS:	
		STREET 1:		7961 SHAFFER PKWY
		STREET 2:		SUITE 5
		CITY:			LITTLETOWN
		STATE:			CO
		ZIP:			80127
		BUSINESS PHONE:		3036292450

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES INC
		DATE OF NAME CHANGE:	19950602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES EXPLORATION LTD
		DATE OF NAME CHANGE:	19890619
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a09-24354_18k.htm
<DESCRIPTION>8-K
<TEXT>

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<body lang="EN-US">

<div style="font-family:Times New Roman;">

<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0in 1.0pt 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d)&nbsp;of the <br>
Securities Exchange Act of 1934</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Date of Report: August&nbsp;26, 2009</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Date of earliest event reported)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">VISTA GOLD CORP. <br>
</font></b><font size="2" style="font-size:10.0pt;">(Exact Name of
Registrant as Specified in Charter)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Yukon Territory, Canada <br>
</font></b><font size="2" style="font-size:10.0pt;">(State or Other
Jurisdiction of Incorporation)</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-9025</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not
  Applicable</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
  Number)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer
  Identification No.)</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7961 SHAFFER PARKWAY, SUITE 5,
LITTLETON, COLORADO 80127</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of Principal Executive Offices and Zip Code)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s
telephone number, including area code:&nbsp;&nbsp; <b>(720) 981-1185</b></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box
below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Written communications pursuant to Rule&nbsp;425 under
the Securities Act (17 CFR 230.425)</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Soliciting material pursuant to Rule&nbsp;14a-12 under
the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under
the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under
the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border-bottom:solid windowtext 3.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 1.0pt 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
7.01&nbsp;&nbsp;Regulation FD</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On August&nbsp;26, 2009,
the Registrant issued a press release that announced updated results of
metallurgical tests completed for the Mt. Todd gold project, Northern
Territory, Australia, and the appointment of Thomas DeMull as Senior Vice
President, Project Development.&#160; A copy
of the press release is attached to this report as Exhibit&nbsp;99.1. In
accordance with General Instruction B.2 of Form&nbsp;8-K, the information set
forth herein and in the press release is deemed to be &#147;furnished&#148; and shall not
be deemed to be &#147;filed&#148; for purposes of the Securities Exchange Act of 1934, as
amended. The information set forth in Item 7.01 of this report shall not be
deemed an admission as to the materiality of any information in this report on Form&nbsp;8-K
that is required to be disclosed solely to satisfy the requirements of
Regulation FD.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
9.01&#160; Exhibits</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Press Release dated August&nbsp;26,
2009*</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*The Exhibit&nbsp;relating
to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant
to Regulation FD.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In accordance with the
requirements of the Securities and Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.74%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VISTA
  GOLD CORP.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.74%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant)</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.74%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.74%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:&nbsp;&nbsp;August&nbsp;31,
  2009</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Gregory G. Marlier</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.74%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory G. Marlier</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.74%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial Officer</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a09-24354_1ex99d1.htm
<DESCRIPTION>PRESS RELEASE OF VISTA GOLD CORP DATED AUGUST 26TH, 2009
<TEXT>

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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="171" height="86" src="g243541mmi001.gif"></font></p>
  </td>
  <td width="29%" valign="bottom" style="padding:0in 0in 0in 0in;width:29.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7961 SHAFFER PARKWAY<br>
  SUITE 5<br>
  LITTLETON, COLORADO 80127<br>
  TELEPHONE&nbsp; (720) 981-1185<br>
  FAX&nbsp; (720) 981-1186<br><br></font></b></p>
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.58%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  <br>
  <br>
  <br>
  <br>
  Trading Symbol: <b>&nbsp;VGZ<br>
  </b>Toronto and NYSE Amex Stock Exchanges</font></p>
  </td>
 </tr>
</table>

<p align="right" style="margin:0in 0in .0001pt 1.0in;text-align:right;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEWS</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Vista Gold Corp. Announces Positive Metallurgical Test
Results for the Mt. Todd Project, Northern Territory, Australia, and
Appointment of Thomas DeMull as Senior Vice President, Project Development</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Denver, Colorado, August&nbsp;26, 2009</font></b><font size="2" style="font-size:10.0pt;"> &#151; Vista Gold
Corp. (&#147;Vista&#148;) (TSX&nbsp;&amp; NYSE Amex: VGZ) announced today the updated
results of metallurgical tests completed for the Mt. Todd gold project,
Northern Territory, Australia, and the appointment of Thomas DeMull as Senior
Vice President, Project Development.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
part of the on-going engineering studies on the development of the Mt. Todd
gold project, Resource Development,&nbsp;Inc. (&#147;RDi&#148;) of Wheat Ridge, Colorado,
JKTech Pty Ltd (&#147;JKTech&#148;) of Queensland, Australia, and Ausenco Services Pty
Ltd (&#147;Ausenco&#148;) of Perth, Australia, have recently completed additional
successful metallurgical test programs and simulations.&#160; The metallurgical tests were conducted on
core from the 2008 Mt. Todd drilling program that is believed to be
representative of approximately 80% of the ore contained in the pit shape identified
in Vista&#146;s May&nbsp;2009 Preliminary Economic Assessment (please refer to Vista&#146;s
press release dated June&nbsp;4, 2009).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
RDi test work confirms a gold recovery of 82% in a whole ore leach circuit with
ore that has been ground to a relatively coarse size of 80% passing 100
mesh.&#160; JKTech completed testing to
determine ore grinding characteristics for both conventional crushing/grinding
as well as crushing with high pressure grinding rolls (&#147;HPGR&#148;) followed by
grinding.&#160; The results of the JKTech
testing together with other information were used by Ausenco in a comminution
circuit simulation.&#160; The work by Ausenco
confirmed earlier test work completed by Vista, and indicated energy and
operating cost savings may be realized by utilizing HPGR technology for processing
the Mt. Todd ore. The results of these studies and simulations will be
incorporated into the Preliminary Feasibility Study(2)&nbsp; (&#147;PFS&#148;) which
Vista expects to complete in the fourth quarter of this year.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Commenting
on the test results, Fred Earnest, Vista&#146;s President and Chief Operating
Officer, stated, &#147;The Mt. Todd test program continues to advance, confirming
the selection of process technology and developing input parameters for the
PFS.&#160; The PFS is examining the best
approach to develop the estimated 4.25 million ounces of measured and indicated
gold resource (147.6 million tonnes at 0.93 g/t)(1),(2)&nbsp;and is targeting a
potential mining operation with an estimated annual production of approximately
250,000 ounces of gold per year.&#160; We are
also nearing the completion of a review of exploration data and our initial
field programs on the extensive exploration leases, which we will use to design
our next exploration program.&#160; We believe
further drilling on the Batman deposit and on the surrounding exploration
leases will define a significantly larger gold resource.&#148;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additionally,
on September&nbsp;10, 2009, Thomas DeMull will assume the position of Senior
Vice President, Project Development.&#160; Mr.&nbsp;DeMull
holds a MS degree in Metallurgical Engineering from Michigan Technology
University and has over 30 years of experience in the development and operation
of gold and copper mines.&#160; He has worked
in North and South America and the Asian-Pacific. Over the past 25 years, Tom
has worked on 10 new mine projects, six of which became operating mines, including
the Sleeper mine in Nevada and Newmont&#146;s Batu Hijau mine in Indonesia.&#160; Most recently, Mr.&nbsp;DeMull held the
position of President and CEO of Rocky Mountain Resources Corp.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fred
Earnest, Vista&#146;s President and Chief Operating Officer, stated, &#147;We are very
pleased to have an executive with Tom&#146;s qualifications join our team.&#160; We believe his talents and experience will
allow him to make immediate contributions to our Mt. Todd and Paredones
Amarillos development projects.&#148;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&nbsp;
For more information on the Mt. Todd gold project, please see Vista&#146;s technical
report(2)&nbsp; entitled &#147;Mt. Todd Gold Project Updated Preliminary Economic
Assessment Report, Northern Territory, Australia&#148; dated June&nbsp;11, 2009 </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">available
on SEDAR at www.sedar.com.&#160; Mr.&nbsp;John
Rozelle, is the independent &#147;qualified person&#148; within the meaning of National
Instrument 43-101 &#151; <i>Standards of Disclosure
for Mineral Projects</i> (&#147;NI 43-101&#148;) for the mineral resource estimate
of the Mt. Todd gold project included in this press release.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except
as described above, Deepak Malhotra,&nbsp;PhD, is the independent &#147;qualified
person&#148; within the meaning of NI 43-101 who supervised the preparation of the
scientific and technical information that forms the basis of this press
release.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About Vista Gold Corp.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Since
2001, Vista has acquired a number of gold projects with the expectation that
higher gold prices would increase their value. For more information about our
projects, including technical studies and resource estimates, please visit our
website at www.vistagold.com. Vista has taken steps to advance the Paredones
Amarillos gold project located in Baja California Sur, Mexico, towards
production.&#160; These steps include the
completion of a definitive feasibility study, the purchase of long-delivery
processing equipment, and the purchase of land for the processing facilities,
related infrastructure and the desalination plant. The results of a Preliminary
Economic Assessment completed in 2009 on the Mt. Todd gold project in Australia
are encouraging and Vista is undertaking other studies to advance the project,
with the completion of a preliminary feasibility study targeted for the fourth
quarter of 2009&#160;&#160; Vista&#146;s other holdings
include the Guadalupe de los Reyes gold project in Mexico, Yellow Pine gold
project in Idaho, Awak Mas gold project in Indonesia, and the Long Valley gold
project in California.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">This press release contains forward-looking statements
within the meaning of the U.S. Securities Act of 1933, as amended, and U.S.
Securities Exchange Act of 1934, as amended, and forward-looking information
within the meaning of Canadian securities laws.&#160;
All statements, other than statements of historical facts, included in
this press release that address activities, events or developments that Vista
expects or anticipates will or may occur in the future, including such things
as the conversion of inferred resources to measured and indicated resources,
the potential for gold resources in the Batman deposit and other targets within
the Mt. Todd gold project, the waste-to-ore ratio at Mt. Todd, the successful
completion of a metallurgical testing program at Mt. Todd,&#160; the representativeness of metallurgical
results for the Mt. Todd gold project, the timing and outcome of a Mt. Todd
pre-feasibility study,&#160; estimates&#160; of future operating, annual production and
financial performance of the Mt. Todd gold project, the targeted annual
production of the Mt. Todd gold project,&#160;
uncertainty of mine planning criteria and design, future gold prices,
future U.S.-to-Australian dollar exchange rates, the improved efficiencies of
high pressure grinding roll technology, favorable effects of Mt. Todd project
economics, Vista&#146;s ability to add value in a cost-effective manner, plans for
the construction and development of the Paredones Amarillos gold project, and
the possibility of production at the Paredones Amarillos gold project and other
such matters are forward-looking statements and forward-looking information.
When used in this press release, the words &#147;potential,&#148; &#147;target,&#148; &#147;estimate,&#148; &#147;indicate,&#148;
&#147;expect,&#148; &#147;intend,&#148; &#147;hopes,&#148; &#147;believe,&#148; &#147;may,&#148; &#147;will,&#148; &#147;if&#148; and similar
expressions are intended to identify forward-looking statements and
forward-looking information.&#160; These
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Vista to be
materially different from any future results, performance or achievements
expressed or implied by such statements.&#160;
Such factors include, among others, uncertainty of resource estimate
results estimates on which such results are based; uncertainty of mine planning
criteria and design including uncertainty related to targeted annual production
rates of the Mt. Todd gold project, risks relating to completing metallurgical
testing and scheduling for pre-feasibility studies; risks relating to cost
increases for capital and operating costs including cost of power; risks
relating to delays at the Mt. Todd gold project; risks of shortages of
equipment or supplies; risks relating to fluctuations in the price of gold; the
inherently hazardous nature of mining-related activities; risks relating to
permitting, uncertainties concerning resource estimates; potential effects on
Vista&#146;s operations of environmental regulations in the countries in which it
operates; risks due to legal proceedings; risks relating to political and
economic instability in certain countries in which it operates; risks related
to repayment of debt; risks related to increased leverage and uncertainty of being
able to raise capital on favorable terms or at all; as well as those factors
discussed in Vista&#146;s latest Annual Report on Form&nbsp;10-K, as amended and
Quarterly Report on Form&nbsp;10-Q and other documents filed with the U.S.
Securities and Exchange Commission and Canadian regulatory authorities.&#160; Although Vista has attempted to identify
important factors that could cause actual results to differ materially from
those described in forward-looking statements and forward-looking information,
there may be other factors that cause results not to be as anticipated,
estimated or intended.&#160; Except as
required by law, Vista assumes no obligation to publicly update any
forward-looking statements or forward-looking information; whether as a result
of new information, future events or otherwise.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)&nbsp; <b>Cautionary Note to U.S. Investors concerning estimates
of Measured and Indicated Resources: </b>This press release and the PFS
and technical report referenced in this press release use the terms &#147;Measured
Resources&#148;, &#147;Indicated Resources&#148; and &#147;Measured&nbsp;&amp; Indicated Resources.&#148;
We advise U.S. investors that while these terms are defined in and required by
Canadian regulations, these terms are not defined terms under the U.S.
Securities and Exchange Commission (&#147;SEC&#148;) Industry Guide 7 and are normally
not permitted to be used in reports and registration statements filed with the
SEC. The PFS and technical report referenced in this press release use the term
&#147;inferred resources&#148;. We advise U.S. investors that while this term is defined
in and required by Canadian regulations, this term is not a defined term under
SEC Industry Guide 7 and is normally not permitted to be used in reports and
registration statements filed with the SEC. &#147;Inferred resources&#148; have a great
amount of uncertainty as to their existence, and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of inferred mineral resources may not form the basis
of a feasibility study or prefeasibility studies, except in rare cases. The SEC
normally only permits issuers to report mineralization that does not constitute
SEC Industry Guide 7 compliant &#147;reserves&#148; as in-place tonnage and grade without
reference to unit measures.&#160; <b>U.S. investors are cautioned not to assume that any
part or all of mineral deposits in these categories will ever be converted into
reserves.</b></font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">For further information,
please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp.
website at www.vistagold.com</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
